Friedrich Hayek wrote of the importance of what he called the rule of law over the rule of man. His point was that in order to be free to act according to our own plans we must know what the rules of the game are, for what reason they are…

     Ludwig von Mises in a classic 1927 book, Liberalism, wrote that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention.

     The current financial…

     Often we see headlines about inflation and hear financial analysts commenting on it. “Good Morning America’s” Chris Cuomo warned on August 21 that “America is waking up to nationwide sticker shock, an unexpected spike in inflation now at a…

     Politicians and pundits are crying about the economy, from oil prices to housing and the U.S. dollar. But they rarely pause to consider how we arrived at our situation, as they call for more government help and often for the Federal Reserve…

     The $307-billion, five-year farm bill recently passed both houses of Congress with more than the two-thirds majority necessary to override a presidential veto. The Cato Institute has estimated that the last 20 years of farm programs have…

     Candidates for president of the United States are being judged on their “plans” for the economy, health care, retirement, housing, etc.

     However, in 1920 the renowned Austrian economist Ludwig von Mises published “Socialism,”…